Travelers should brace for higher airfares in August following the Civil Aeronautics Board’s (CAB) announcement Friday raising fuel surcharges to Level 4 for both domestic and international flights.
Despite alarming spikes in teenage pregnancies, the Philippines’ population growth has plunged below 1 percent in 2024—probably its lowest rate since World War II—threatening to erode what has long been its most potent economic force: its people power.
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
The National Grid Corporation of the Philippines (NGCP) reported a 5.49 percent increase in transmission rates for the June 2025 supply month, driven by a 9.32 percent hike in ancillary services (AS) costs.